Friday, August 26, 2011

Dow up 134 | Bernanke postpones stimulus decision | Groupon's sneaky SEC challenge | East Coast braces for Irene | Merriam-Webster has 'bromance'

 TGIF, Aug. 26, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

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CLOSING BELL
DJIA 11,284.54 +134.72 | NSDQ 2,479.85 +60.22 | S&P 1,176.80 +17.53

Encouraged anyway.
Wall Street posted its first weekly gains in more than a month as Fed Chairman Ben Bernanke told investors to stay tuned for more stimulus: MORE>>



TOP BUSINESS NEWS
jjUnclear how the SEC will react to Groupon CEO and co-founder Andrew Mason's arrogant internal memo: MORE>>
 • Meanwhile, Groupon is considering opening an international headquarters in Switzerland: MORE>>

Wisconsin
furniture retailer Steinhafels to open superstore in Vernon Hills: MORE>>

New Pew study finds that half of all American adults are on social networks: MORE>>
 • Which may be part of the reason Facebook had a whopping 1 trillion page views in June: MORE>>

Steve Jobs
to remain on Walt Disney board, report says: MORE>>

Angie's List
files for $75 million IPO: MORE>>

How the Verizon strike will weigh on August's jobs report: MORE>>

Merriam-Webster opens its pages to "bromance," "crowdsourcing," and "tweeters": MORE>>

LATEST BUSINESS NEWS >> | SEND US A NEWS TIP >>


TALKING BUSINESS
jj
"A few years back no one thought this day would come," says Alex Hamilton, managing director with EarlyBirdCapital. After years of headaches and occasional heartbreak, Chicago-based Boeing is ready for the U.S. government to declare its revolutionary 787 Dreamliner safe to fly passengers: MORE>>



IN OTHER NEWS
jj New York prepares for rough weekend as Hurricane Irene closes in: MORE>>
 • Airlines cancel nearly 1,000 flights: MORE>>

 • President Obama cuts vacation short to monitor storm: MORE>>

Four Chicago firefighters
hurt, two critically, fighting West Englewood house fire: MORE>>

Naperville man dies a week after disturbing hit-and-run road rage accident: MORE>>

Amtrak train running from San Francisco to Chicago derails: MORE>>

Massive car bomb hits United Nations building in Nigeria, killing at least 18: MORE>>

Another bloody Friday in Syria as protesters demand UN help to oust Bashar al-Assad: MORE>>
 • Former Vice President Dick Cheney says he urged former President George W. Bush to bomb Syria in 2007: MORE>>

Vice President Joe Biden defends comment calling China's one-child policy "unsustainable"
: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
jj
Shaky economy? Not for Tiffany & Co., who rang up a 33 percent increase in net earnings in the second quarter. The LATimes blog Money & Company reports that the retailer was helped by strong overseas sales and, obviously, wealthy shoppers: MORE>>


SPORTS FIX

Notre Dame publicizes the hazards of aerial lifts as part of settlement after student videographer Declan Sullivan's death: MORE>>

Bears counting on new running back Marion Barber Saturday: MORE>>


Ron Artest is finding World Peace to be elusive: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjTrib critic Nina Metz goes back in time on the set of new TV show "The Playboy Club," being filmed on Chicago's Southwest Side: MORE>>
 • Chicago bachelor to appear on newest episode of Bravo's "Millionaire Matchmaker": MORE>>

Rihanna
denies that she made a sex tape with rapper J. Cole
: MORE>>

Minka Kelly
and Derek Jeter call it quits
: MORE>>


HEADED OUT?
Traffic | See current information on area highways, buses, trains and planes on our commuting page: MORE>>

Weather |
Mostly clear, with lows in the mid 60s -- except in the lower 70s downtown. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>


RSS US
You can subscribe to an automatic feed of the latest Chicago Tribune business headlines. View them in your RSS reader or in your browser's tool bar. It's easy, just click here: MORE>>
 
LATEST CHICAGO BUSINESS HEADLINES
 • Gas-price spike predicted in wake of Irene
 • FCC restarts review on AT&T, T-Mobile deal
 • Google closes down Slide social media app
 • Sears to sell Craftsman tools at Menards
 • 2Q GDP revised down to 1% growth
 • Nobel economists say euro zone will survive
 • Irene to test Allstate hurricane preparations

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